Last Build Date: Sat, 22 Oct 2016 09:09:10 GMTCopyright: Copyright 1999-2016, Investopedia.com
Fri,21 Oct 2016 17:17:02 -0700Talk of a pending initial public offering of Expedia's (NASDAQ: EXPE) majority-owned Trivago travel site initiated with the company's second-quarter earnings release in late July. At the time, Expedia said it had agreed to explore the feasibility of a Trivago IPO, adding that should the decision be made to take the site public, it didn't intend to sell any of its shares.
Fri,21 Oct 2016 16:50:02 -0700In what looks like a naked bid to profit from the enthusiasm for e-sports, Sony (NYSE: SNE) last week unveiled a "Tournaments" feature for the PS4 console. Players also need an ESL account and a PlayStation Plus subscription in order to compete. "Once tournaments are live, you can find them under Events on your PS4 system menu to view the details.
Fri,21 Oct 2016 16:36:02 -0700Gannett's (NYSE: GCI) USA Today Network recently unveiled its first weekly virtual-reality news show: VRtually There will air on Thursdays at 2 p.m., and can be viewed on a dedicated page on USA Today's website or via its VR Stories app. Like its parent website, the series will focus on top news, sports, entertainment, and business stories.
Fri,21 Oct 2016 16:13:02 -0700Talk of a megadeal in which leading smartphone chipmaker Qualcomm (NASDAQ: QCOM) would acquire Netherlands-based NXP Semiconductors (NASDAQ: NXPI) has been swirling for several weeks. Shareholders of both Qualcomm and NXP have already benefited from the scuttlebutt.
Fri,21 Oct 2016 15:56:03 -0700Shares of AMD (NASDAQ: AMD) fell about 6% after hours on Thursday, although the chipmaker posted better-than-expected third quarter numbers. Revenue rose 23% annually to $1.3 billion, beating estimates by $90 million. On the bottom line, it posted non-GAAP earnings of $0.03 per share, beating expectations by $0.04 a share, and marking its first quarter of non-GAAP profitability after five straight quarters of losses.
Fri,21 Oct 2016 15:33:03 -0700Oil refining specialist HollyFrontier (NYSE: HFC) will soon add a large asset to its portfolio, according to a report from Reuters. The article, citing "people familiar with the matter," asserts that the company is in advanced talks to acquire Petro-Canada, the lubricants division of Suncor Energy (NYSE: SU) for slightly over $1 billion.
Fri,21 Oct 2016 15:18:03 -0700Investors should have expected Skechers (NYSE: SKX) was going to post another big miss, but the big 16% drop in its stock after hours following its third-quarter earnings report indicates they were shocked -- shocked! -- the footwear maker stumbled so hard.
Fri,21 Oct 2016 14:29:00 -0700The major indexes were mostly flat this week. Big rallies in Netflix and American Express were offset by declines in eBay.
Fri,21 Oct 2016 13:37:03 -0700British American Tobacco (NYSEMKT: BTI) wants to buy the 58% of cigarette maker Reynolds American (NYSE: RAI) it doesn't already own in a $47 billion merger that would dwarf Reynolds' $25 billion acquisition of Lorillard last year. If approved, it would bring powerhouse brands such as Camel, Lucky Strike, Newport, and Pall Mall together in the world's largest publicly traded tobacco company, with net sales exceeding those of Philip Morris International.
Fri,21 Oct 2016 13:15:03 -0700For all its past struggles in trying to expand beyond the gaming market, few companies are as skilled as NVIDIA (NASDAQ: NVDA) when it comes to giving players unique experiences. Its latest win? Providing the key internals for Nintendo's new Switch gaming device, which is designed to serve as either a full-featured console or as a mobile game system.
Fri,21 Oct 2016 10:00:00 -0700Merck hasn't budged since gapping up in early August, with the October 25th earnings report set to trigger much higher or much lower prices.
Fri,21 Oct 2016 07:59:00 -0700Ford and General Motors have underperformed broad benchmarks for three years, caught in corrections despite healthy domestic car sales.
Thu,20 Oct 2016 10:44:00 -0700McDonald's relative strength readings have hit oversold levels in all time frames, raising odds for a sustained buy-the-news reaction after earnings.
Thu,20 Oct 2016 10:25:03 -0700Each of LinkedIn's (NYSE: LNKD) three acquisitions in 2016 -- Connectifier, Run Hop, and PointDrive -- was completed to help improve the relevance of its various search functions, including Endorsements. Recently, LinkedIn announced that it's putting the new technologies and development talent from those purchases to good use.
Thu,20 Oct 2016 08:23:00 -0700Gold and silver are turning higher after pulling back toward key long-term support areas.
Thu,20 Oct 2016 08:10:03 -0700By most metrics, eBay (NASDAQ: EBAY) reported a strong third quarter after the close on Wednesday. Revenues climbed, active buyers jumped by more than 1 million, and now total 165 million worldwide, and eBay's artificial intelligence (A.I.) push to improve search results is making strides.
Thu,20 Oct 2016 08:10:00 -0700Verizon missed earnings estimates just two months after failing a breakout above 3-year resistance, setting the stage for lower prices in coming months.
Thu,20 Oct 2016 05:31:04 -0700Adding another problem onto the growing mound of troubles for Wells Fargo (NYSE: WFC), it seems California Attorney General Kamala Harris has begun a criminal investigation into the recently revealed unethical activities of the bank. That's according to news service Reuters, which says it has seen a seizure warrant issued by Harris.
Thu,20 Oct 2016 05:15:24 -0700Are the challenging times coming to an end for American Express (NYSE: AXP)? The payment card giant, which has been struggling to grow revenue in the wake of its recent high-profile divorce from discount retailer Costco (NASDAQ: COST), reported very encouraging numbers for its third quarter on Wednesday.
Wed,19 Oct 2016 14:30:03 -0700Serious gamers are well known for buying advanced gear. NVIDIA's success has been all but built on the backs of gamers' demands for hyper-fast graphics performance. Now, those users have something else to crave. On Wednesday, Netgear (NASDAQ: NTGR) unveiled the Nighthawk X10, which it claims is the world's fastest router.
Wed,19 Oct 2016 14:15:03 -0700Another leaked email scandal is upon us. Only this time, no candidate for president is involved. Instead, the leak came from a breach of the inbox of former Secretary of State Colin Powell. Included among the stolen files was a presentation intended for the board members of salesforce.com (NYSE: CRM), one which included details about potential acquisition targets.
Wed,19 Oct 2016 13:20:00 -0700The fast growth in fintech will continue and P2P is a major part of this.
Wed,19 Oct 2016 13:00:02 -0700Shares of data storage medium purveyor Seagate Technology (NASDAQ: STX) traded down in the wake of the company's fiscal first-quarter earnings, despite several strong numbers. For the quarter, Seagate's revenue was just under $2.8 billion, down 4% on a year-over-year basis.
Wed,19 Oct 2016 12:25:03 -0700As part of Anheuser-Busch InBev's (NYSE: BUD) agreement with the Justice Department to win approval for its $100 billion takeover of SABMiller, it agreed to cease and desist impeding the distribution of craft beers to retail outlets. However, it may have just engineered an end run around those restrictions -- and struck a blow at the very foundation of the craft beer industry.
Wed,19 Oct 2016 12:04:03 -0700In an unexpected move, Visa (NYSE: V) has announced CEO Charlie Scharf is stepping down from his post, effective Dec. 1. He will be replaced by Alfred Kelly, a member of the card payment giant's board. In the press release detailing the transition, Visa wrote that Scharf is departing "because he could no longer spend the time in San Francisco necessary to do the job effectively." Scharf's family is based in New York; he cited the need to be closer to them as a key reason for his decision.
Wed,19 Oct 2016 12:01:00 -0700Skeptical market players are ready to act on the growing divide between Tesla's colorful CEO and actual quarterly metrics.
Wed,19 Oct 2016 11:59:02 -0700The sporting goods world has been contracting, and Dick's Sporting Goods (NYSE: DKS) appears ready to once again take advantage of the misfortune of one of its fallen competitors. It was expected the company would bid for many of the stores closed by now-shuttered rival Sports Authority, but that did not happen.
Wed,19 Oct 2016 11:39:03 -0700In theory, the arrest by Chinese authorities of 18 employees of Australia's Crown Resorts over the weekend should be a benefit to Macau casino operators, but their detention for unspecified "gambling crimes" still has the great possibility of derailing the enclave's nascent recovery.
Wed,19 Oct 2016 10:48:02 -0700Though it's still reliant on its legacy switching and router business, Cisco (NASDAQ: CSCO) has added to the arsenal of solutions in its fast-growing collaboration unit with the recent acquisition of privately held Worklife. Financial terms of the deal were not disclosed.
Wed,19 Oct 2016 10:25:03 -0700Despite beating analysts' estimates in the third-quarter report it released after the bell Monday, IBM (NYSE: IBM) stock took a hit of nearly 3% by the close of trading the following day. Pundits had expected IBM to report revenue of $19 billion for the quarter, along with non-GAAP (excluding one-time items) earnings of $3.23 per share.
Wed,19 Oct 2016 10:05:02 -0700Red Robin (NASDAQ: RRGB) has been facing many of the same headwinds that have dragged down some of its rivals in the casual sit-down restaurant space. It has struggled to lure in customers, and comparable-restaurant revenue declined by 3.2% in its most-recent quarter while profit margin at the restaurant level dropped from 22.5% to 20.9% year over year.
Wed,19 Oct 2016 08:35:00 -0700Look for American Express bottom fishers to limit damage after this week's quarterly earnings report.
Wed,19 Oct 2016 08:16:00 -0700The charts of key ETFs that follow various segments of the financial sector suggest now could be the time to buy.
Wed,19 Oct 2016 07:41:00 -0700Watch for triangle breakouts in these stocks, which could indicate the trend direction over the next several months.
Wed,19 Oct 2016 07:05:03 -0700Soon, playing Candy Crush Saga won't just be something you do on your phone. CBS (NYSE: CBS) has announced plans to produce a live-action TV show version of the game in concert with Activision Blizzard's (NASDAQ: ATVI) King and Lions Gate's (NYSE: LGF) television group.
Wed,19 Oct 2016 06:40:03 -0700According to The Hollywood Reporter, Wanda Group will offer a 40% rebate to studios that shoot movies and TV shows at its new Movie Metropolis located in Qingdao, China. Count Time Warner (NYSE: TWX) and Lions Gate (NYSE: LGF) among the studios signing on to shoot projects at the facility, which is scheduled to open in August 2018.
Tue,18 Oct 2016 14:10:03 -0700Soda has never been good for you, but in recent years, the beverage-consuming public finally seems to have taken that message to heart. Sales of sugary drinks, most notably sodas, have declined for both PepsiCo (NYSE: PEP) and Coca-Cola fairly consistently.
Tue,18 Oct 2016 12:34:03 -0700What could possibly go wrong? High-tech customer support provider LivePerson (NASDAQ: LPSN) announced on Tuesday it was going live in the coming weeks with a click-to-text ad extension that would seamlessly work with Google AdWords. Back in the old days -- like last year -- if customers wanted more information from a company after seeing an ad, they'd call an 800-number to get product or service details.
Tue,18 Oct 2016 12:08:03 -0700Although it's often said you should leave while you're on top, Caterpillar (NYSE: CAT) Chairman and CEO Doug Oberhelman has chosen instead to head for the exit while he's pretty much at the bottom. Not that it might not be time to depart after 41 years at the company, but amid a steep slump in the mining sector and a collapse in oil and natural gas prices, he's leaving the heavy equipment manufacturer in a difficult period.
Tue,18 Oct 2016 11:44:02 -0700What if you didn't need fiber optic cable to get gigabit-speed internet access? Qualcomm (NASDAQ: QCOM) has been working on chipsets that support Gigabit LTE, a wireless technology capable of delivering that. This week, the company teamed with Netgear (NASDAQ: NTGR), Ericsson (NASDAQ: ERIC), and Australian telecom Telstra to introduce a real product sporting this technology: the X16 LTE modem, a mobile hotspot that delivers Gigabit LTE to your other devices.
Tue,18 Oct 2016 11:01:00 -0700eBay broke out to an all time high in July and will test those double digit percentage gains with this week's quarterly confessional.
Tue,18 Oct 2016 10:25:03 -0700Shares of Take-Two Interactive (NASDAQ: TTWO) are up about 5% this week on news that the video game publisher has set the timing for its release of Red Dead Redemption 2, the sequel to its 2010 hit set in the Old West. According to a a promo on the website of Take-Two subsidiary Rockstar Games, the game will hit stores in autumn 2017.
Tue,18 Oct 2016 10:05:02 -0700Domino's (NYSE: DPZ) has delivered once again. In the third quarter, the company put up its 22nd consecutive quarter of same-stores sale growth in the United States and its 91st straight quarter of doing the same internationally. The company posted a 13% increase in the U.S.
Tue,18 Oct 2016 07:33:00 -0700Goldman Sachs is testing 9-month resistance at $172.50, after strong quarterly earnings and could head to $200 in coming months.
Tue,18 Oct 2016 06:40:02 -0700Shares of Netflix (NASDAQ: NFLX) soared as much as 20% in after-hours trading on Monday. Most of the news reports are focusing on the size of the company's earnings beat. The streaming sensation produced $0.12 a share of adjusted profit, more than double analysts' average forecast of $0.05 a share.
Tue,18 Oct 2016 06:20:03 -0700Investors hoping for good news from United Continental's (NYSE: UAL) third-quarter report got only a glimpse. Year-over-year revenue fell 3.8% to $9.913 billion and adjusted profits declined 31.3% to $3.11 a share. Fortunately, analysts were expecting worse: $9.912 billion and $3.06 a share, respectively.
Mon,17 Oct 2016 13:55:03 -0700E-commerce stalwart eBay (NASDAQ: EBAY) recently launched the eBay Collective, a new site dedicated to furniture and home furnishings. The site notably uses technology from visual search engine company Corrigon, which it recently agreed to buy for under $30 million.
Mon,17 Oct 2016 13:26:03 -0700Call it better late than never, but Abercrombie & Fitch (NYSE: ANF) has decided it no longer wants to be the sort of store where only the cool kids shop. Now, the teen retailer wants everyone to know it's are for everyone -- uglies, fatties, and dweebs included.
Mon,17 Oct 2016 13:09:03 -0700Macy's (NYSE: M) will stick with its new tradition of opening stores on Thanksgiving Day to boost its holiday sales. It will open at 5 p.m. this year, compared to 6 p.m. in both 2014 and 2015. Macy only started opening on Thanksgiving Day in 2013, a move that prompted rivals J.C.
Mon,17 Oct 2016 12:48:03 -0700Hasbro (NASDAQ: HAS) posted a strong quarter driven largely by strength in its lines targeting young girls. The toy company's third-quarter revenues grew by 14% year over year to $1.68 billion, which included $2.8 million in negative impact from foreign currency headwinds.
Mon,17 Oct 2016 12:21:03 -0700After months of rumor and innuendo, Viacom (NASDAQ: VIA)(NASDAQ: VIAB) and CBS (NYSE: CBS) are finally getting serious about a reunion. Late last week, Viacom said it had hired a team of advisors to consider the impact of a merger with CBS. Morgan Stanley, Allen & Co.
Mon,17 Oct 2016 11:55:03 -0700Ever since it sold the Albertson's grocery store chain to private equity firm Cerberus Capital Management in 2013, Supervalu (NYSE: SVU) has relied upon its Save-A-Lot division for most of its performance. Last year, the grocery store operator announced it would be spinning off the chain, but now, Supervalu has changed directions, announcing it will instead sell Save-a-Lot to another private equity group, Onex, for $1.37 billion in cash.
Mon,17 Oct 2016 11:35:03 -0700Shareholders of salesforce.com (NYSE: CRM) have made their feelings extremely clear regarding its recent talks to acquire Twitter. Several big hitters were in discussions with the troubled tweet master during the past month, and once it became known that Saleforce was one of them, its stock sank 4.5% overnight.
Mon,17 Oct 2016 11:25:00 -0700A handful of mavericks have attracted substantial buying interest in this dazed and confused October market. (CLCD, WB)
Mon,17 Oct 2016 11:15:04 -0700In what may be a first step toward conceding the death of the traditional department store, Macy's (NYSE: M) has unveiled a store-in-a-store featuring Apple products at its flagship location on 34th Street in Manhattan. Outgoing CEO Terry Lundgren says the idea is to appeal to women.
Mon,17 Oct 2016 10:57:03 -0700The announcement in February that the "new" HP Inc. (NYSE: HPQ) would cut as many as 3,000 jobs by the end of its current fiscal year following its split with HP Enterprise wasn't surprising given one of the key objectives was to pare overhead. Now, HP says it will cut a further 3,000 to 4,000 over the next three years.
Mon,17 Oct 2016 10:25:03 -0700Ulta Salon's (NASDAQ: ULTA) growth plans are not just putting lipstick on a pig: This beauty supplier is on fire, with comparable-store sales surging ever higher, which should give pause to retailers and rivals trying to cash in on the popularity of the personal-care niche.
Mon,17 Oct 2016 10:13:04 -0700Sometimes, retailers have tough decisions to make when it comes to stocking otherwise innocuous items that can be used for something worse than their intended purpose. For example, it's easy to make the decision to pull box cutters from shelves or put them behind the counter, because their potential for harm is easy to see (even though they have a legitimate use).
Mon,17 Oct 2016 10:04:03 -0700While Aussies had a brief opportunity back to purchase bottles of McDonald's (NYSE: MCD) Big Mac "special sauce" in January, a recent trademark application filing by the burger chain hints at plans to start selling it in U.S. retail outlets too. The Chicago Tribune discovered McDonald's had applied for a trademark for "Mac Sauce" with the U.S.
Mon,17 Oct 2016 08:41:00 -0700Johnson& Johnson has lost ground since hitting an all-time high in July while shareholders have abandoned ship, for growth stocks.
Mon,17 Oct 2016 08:06:00 -0700The chart of the DBB ETF suggests base metals could have a strong finish in 2016.
Mon,17 Oct 2016 07:38:00 -0700Head and shoulders patterns in these stocks indicate lower prices to come.
Mon,17 Oct 2016 07:35:03 -0700Next year, one task at or near the top of the to-do list for Hershey (NYSE: HSY) will be finding a new CEO. The company announced that the man currently occupying that position, John Bilbrey, will step down on July 1, 2017. Bilbrey also serves as the confectionery and snacks maker's president and chairman of the board; he will remain in the latter position after relinquishing the other jobs.
Mon,17 Oct 2016 07:10:03 -0700Three of the "big four" U.S. banks reported their third-quarter results at the end of last week. These were generally encouraging, not least because all topped analysts' average estimates for profitability. JPMorgan Chase (NYSE: JPM) was the best performer of the trio.
Mon,17 Oct 2016 06:16:03 -0700Fan events are nothing new for genre films, and fans of the Harry Potter franchise have had more than their share -- from main hall events at Comic-Con to midnight book release parties. Last week, they gathered online to watch a livestreamed Q&A with the cast and filmmakers behind Time Warner's (NYSE: TWX) Potter spinoff Fantastic Beasts and Where to Find Them in hopes of hearing good news.